Options Tomorrow
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in the last trading week at strike price of 5300 and 5300.
OI Chart Analysis: In coming sessions market may rade in a range of 5200-5600. The call option strike price with the maximum number of open interest i.e. 5500 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5200 will act as major support level.
Nifty Futures Tomorrow
Nifty index closed at 5381.58 with the gain of 55.74 or 1.05%. The Nifty Sept future finally settles with a gain of 52.09 pts or 0.97% above 5397.64 and increased 2726250 shares in the open interest. The Nifty future turned to the premium of 16.04 from 19.69 where as cost of carry is 7.37% vs. 9.66%. Nifty future has next logical resistance at 5559 and 5800 levels, and strong support near 5100 and 4900 levels.
Bank Nifty Tomorrow
Bank Nifty index closed at 10442.63 with the gain of 309 pts or 3.05%. The Bank Nifty Aug future finally settles with a gain of 310.35 pts or 3.06% above 10465.19 and increased 51250 shares in the open interest. The Bank Nifty future came to a premium of 22.54 from 21.19 earlier, whereas cost of carry is 10.16 vs 17.05. Bank Nifty futures has next logical resistance at 11079 and 11500 levels, and strong support near 10149 and 9700 levels.
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in the last trading week at strike price of 5300 and 5300.
OI Chart Analysis: In coming sessions market may rade in a range of 5200-5600. The call option strike price with the maximum number of open interest i.e. 5500 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5200 will act as major support level.
Nifty Futures Tomorrow
Nifty index closed at 5381.58 with the gain of 55.74 or 1.05%. The Nifty Sept future finally settles with a gain of 52.09 pts or 0.97% above 5397.64 and increased 2726250 shares in the open interest. The Nifty future turned to the premium of 16.04 from 19.69 where as cost of carry is 7.37% vs. 9.66%. Nifty future has next logical resistance at 5559 and 5800 levels, and strong support near 5100 and 4900 levels.
Bank Nifty Tomorrow
Bank Nifty index closed at 10442.63 with the gain of 309 pts or 3.05%. The Bank Nifty Aug future finally settles with a gain of 310.35 pts or 3.06% above 10465.19 and increased 51250 shares in the open interest. The Bank Nifty future came to a premium of 22.54 from 21.19 earlier, whereas cost of carry is 10.16 vs 17.05. Bank Nifty futures has next logical resistance at 11079 and 11500 levels, and strong support near 10149 and 9700 levels.
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